University of South Carolina Libraries
1992 Graduation Tab Managin From Staff Reports With an overloaded schedule of classes, social events and work, you've probably pushed aside the one thing you need to manage most: your money. If you hope to achieve the goals you have set for yourself after graduation, you need to start thinking now about your financial future. "Many young adults graduate from college with a large amount of debt and an unrealistic outlook toward money," Max Haynes, former executive director of the Association of Collegiate Entrepreneurs and the leader of Citibank MasterCard and Visa's "Money Matters for College Students" program, said. "Whether you've chosen a field that offers high income potential, or one with a lower entry-level salary, the challenge is the same: how to manage the money you have in order to get what you want out of life." To help prepare for the new financial responsibilities you'll encounter after graduation, Haynes has developed the following six I ni'irvig Mm I ggSISP tf P.-: ilB .^.r STARR The Co: WITH SPECIA flREh A" m r DILLON FENCE 77QCgf^idS7B? Tickets available at all Ticketmaster Ticket Centers or charge-by-phone by H calling 704-522-6500. Tickets also H| available at Carowinds on any park operating day. All tickets subject to Ticketmaster convenience charge. B For Paladbm Information Call: 704-588-26 ig mone\ simple steps to help you take charge of your financial future: Set your financial goals. Determine what's important to you by making a list of things you want to accomplish over the next few years. Where do you want to live? Do you want to travel abroad? Maybe you want a new car. Whatever your desires are, it's important to develop a realistic timetable for achieving these goals, based on your available financial resources. Take control with a spending plan. The first step in managing money is knowing what you've got and where it's going. Tabulate fixed expenses you'll face each month, like rent, food and transportation. If you've received student loans, don't forget to include your payments as a fixed expense., Most student loans require you to begin making payments six months after graduation. So, be prepared. Next, set a dollar limit for your< miscellaneous expenses, like enter- j tainment and travel ? those nonnecessities that can really add up. Because most entry level jobs pay very little, it's important to stick to nnells L GUESTS IOSE \ BUFFALO TOM | mum 06 * 803-548-5330 800-822-4428 | wrnrn IE-FINALS ARTY FRIDAY, APRIL 24 7:00 PM faji 7 now ma your limit on these items. Total your fixed and miscellaneous expenses and compare them against what you plan to earn. If your expenses will be greater than your income allows, decide whether you can cut costs and adjust your enAnHinn Start your personal endowment. Your college has an endowment, and so should you. Set aside a certaim amount of money from each paycheck to go into a special account for your long-term goals, special purchases and as a buffer for emergencies. Make funding you personal endowment a regular part of your monthly budget by mm bhmhhbhmbv STl "Enj w I A , % I ?% vV 1 1 I Racquetball Aerobic Classes 43 per week < * Senior Citizens | (Easy Does It) * klinh ImnoM mvji i * Low Impact * "The Step" Swimming Pool Personalized Exercise programs for men & women 4502 Forest Drive h Columbia, SC OPEN 7 DAYS A WEEK kes futur considering it a fixed expense. Re- cri member, even small amounts of afc money saved on a regular basis fu add up quickly. Establish good credit. You need to establish credit, but you cr< need to use it wisely. Start by app- iss lying for a department store or gas dei station charge card. As you charge fre purchases and make timely pay- lo: ments, you will begin building a ^ healthy record of how you handle ^ei credit. After you've demonstrated you can handle these cards responsibly, apply for a major credit card. Pay your bills on time. Re- ily member, your record of bill paying Mi forms the basis of your personal dii JDENT SPECIAI oy Your Summe at the ? fiTm I IMRI A HLETIC (jJLUB Take advantage of our Summer frc Special, three full months of enjoyment just $129 03) 787-4950? . 7 e easier sdit history, and will affect your lility to obtain credit in the ture. A free booklet about responsible idit use and other financial ues of concern to college stunt is available by calling tolle j(800) 669-2635 or by writing Citibank MasterCard and Visa loney Matters for College Stunts," 301 East 57th Street ? 0 A, New York, N.Y. 10022. This article is courtesy of Marmne Herbert of the Citibank isterCard and Visa College Me2 Program. L >r" > Well educated & professional staff Saunas Whirlpools Suntanning Beds Indoor Jogging Track Lounge Area Pro & Snack shop Free Child-care l_l. . M m m my n Miles >m Campus! Hil 1//C A gjjl